- Bernanke says US needs faster growth (Reuters)
- Bernanke says central bankers should learn more about policy tools (Businessweek)
- But economists warn of the risks of further QE (Nasdaq)
- Bank of Japan warns on the danger of short-term focus (BusinessDay)
- And Japan is not all that different from Europe (Financial Director)
- ECB's Coeure calls fro timely exit from emergency mode (Swissinfo)
- Emerging market c.banks to hold rates steady this week (The Street)
- Kuwait appoints new central bank chief (Arab News)
- Central bankers - a cautious lot? (The Economist)
- Should central banks help governments run bigger deficits? (Wall Street Journal)
Source: www.CentralBankNews.info
central banks should -not- be the financier of government profligacy
ReplyDeleteWhy not? I think at certain parts of the economic cycle you could make a case for it - especially in recessions and crises where the bang for fiscal stimulus buck is a lot higher. Fiscal policy should be counter-cyclical, and that's the problem with countries embarking on austerity drives while we're in the midst of a weak recovery out of a deep recession.
DeleteGo Bernanke! Bring on QE3 and ZIRP to infinity!
ReplyDelete